Supreme Court Rejects Plea Seeking Vehicle Star-Rating System to Curb Air Pollution || SC Declines to Order Disclosure of CIC Shortlisted Candidates, Sees No Reason to Doubt Union || Kerala HC: “Debt Due” under Section 18(1) SARFAESI Act Includes Future Interest until Appeal Filing || Kerala HC: Interim Bail Period Not Counted as ‘Detention’ for Statutory Bail under S.187 BNSS || Madras HC: Cryptocurrency is Property and Can be Held in Trust || NCLAT Chennai: Guarantors Cannot Deny Demand Notice After Admitting its Receipt || Kerala HC: Ex-CISF Personnel can Buy Liquor from CAPF Canteens || Kerala HC: Accused Can Respond Virtually or in Writing || Kerala HC: No Caste or Lineage Required for Temple Priests || Kerala HC Orders SIT Probe into Sabarimala Gold Loss

Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1 - (15 Apr 2020)

BANKING

Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the moratorium allowed by the Reserve Bank of India (RBI) by its circular issued on 27th March, 2020. The Court has observed that the intention of the RBI while issuing the regulatory package was to maintain status quo with regard to the classification of accounts of the borrower as they existed on 1st March, 2020.

Tags : DELHI HIGH COURT RESERVE BANK OF INDIA STATUS QUO ON ACCOUNT CLASSIFICATION

Share :